Brunswick Co. (NYSE:BC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Brunswick Co. (NYSE:BCGet Rating) has been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $97.00.

A number of research analysts have recently issued reports on the company. DA Davidson downgraded Brunswick from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $82.00 in a research note on Tuesday, November 15th. B. Riley boosted their target price on Brunswick from $83.00 to $88.00 in a research report on Friday, October 28th. Robert W. Baird decreased their target price on Brunswick from $120.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Truist Financial boosted their target price on Brunswick from $90.00 to $95.00 in a research report on Friday, January 6th. Finally, Royal Bank of Canada decreased their target price on Brunswick from $95.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, October 28th.

Brunswick Stock Up 2.5 %

Shares of BC opened at $77.98 on Friday. The company has a market capitalization of $5.65 billion, a PE ratio of 9.35 and a beta of 1.54. Brunswick has a 12 month low of $61.89 and a 12 month high of $98.49. The stock’s 50-day moving average price is $73.87 and its two-hundred day moving average price is $73.53. The company has a current ratio of 1.88, a quick ratio of 0.84 and a debt-to-equity ratio of 1.21.

Brunswick (NYSE:BCGet Rating) last announced its earnings results on Thursday, October 27th. The company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.62 by $0.05. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 billion. Brunswick had a return on equity of 36.52% and a net margin of 9.56%. On average, analysts anticipate that Brunswick will post 10.01 EPS for the current year.

Institutional Investors Weigh In On Brunswick

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina raised its stake in Brunswick by 13.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 32,294 shares of the company’s stock valued at $2,111,000 after acquiring an additional 3,943 shares during the period. Baird Financial Group Inc. grew its holdings in Brunswick by 1.5% during the 2nd quarter. Baird Financial Group Inc. now owns 59,263 shares of the company’s stock valued at $3,875,000 after buying an additional 861 shares in the last quarter. FORA Capital LLC purchased a new position in Brunswick during the 2nd quarter valued at about $325,000. Yousif Capital Management LLC grew its holdings in Brunswick by 2.6% during the 2nd quarter. Yousif Capital Management LLC now owns 44,408 shares of the company’s stock valued at $2,903,000 after buying an additional 1,135 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Brunswick by 6.7% during the 2nd quarter. Principal Financial Group Inc. now owns 1,280,017 shares of the company’s stock valued at $83,692,000 after buying an additional 80,399 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors.

About Brunswick

(Get Rating)

Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products, including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts and Accessories, Boat, and Corporate/Other. The Propulsion segment manufactures a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.

Further Reading

Analyst Recommendations for Brunswick (NYSE:BC)

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